Property profile

4430 Elizabeth Lake Rd Waterford, MI 48328

FOR SALE
Day care centers
Property ID
US43-5205100
1,685 SF 0.51 ac lot Built 1954
Individually Owned 21-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully operational, 1,672 square foot daycare center in Waterford Township, Michigan. Located on a 0.51-acre lot at 4430 Elizabeth Lake Rd, 48328, this single-story, Class B building boasts 13 parking spaces and underwent a complete renovation in 2017. Currently operating at 100% occupancy with a significant waiting list, the center caters to children aged birth to 12 years, offering daycare, preschool, after-school programs, and tutoring. The facility features separate areas designed for infants, toddlers, and preschoolers, fostering customized developmental experiences. Its progressive curriculum emphasizes STEAM (Science, Technology, Engineering, Arts, Mathematics) learning through project-based activities. The center utilizes Kinderlime, an app providing real-time updates and secure webcam access for parents. The asking price is $319,000 ($190.79/sq ft), and the property includes the real estate, business, and furniture, fixtures, and equipment (FF&E). The permitted zoning is BI. This is a high-demand facility with a 30-child capacity, representing a strong and stable investment in a growing community. Built in 1954, this turnkey operation offers immediate income potential and significant long-term growth prospects.

Property profile

Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1954
Total area 1,685 SF
Lot 0.51 ac (22,216 SF)
Zoning code BI
APN W -13-27-251-018
UPID US43-5205100

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4430 Elizabeth Lake Rd Waterford, MI 48328
Waterford metro Census 144800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2005
1 recorded transaction
2005
$218,000

Zoning & alternative use

BI · Waterford, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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